The Republicans feel
that they will have to offer a realistic solution to substitute the Affordable
Health Care. They have been reluctant to step into the political swamp but are
now ready to build practical plans.
Essentially the
problem is that most of the consumers when ill are vulnerable and this is why
the prices are more expensive than anywhere in the world. The costs affect
businesses and local governments. The employees are shackled to employers as
individual insurance is exorbitant. Retirement also seems out of reach because
of medical costs.
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as protection scheme
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The Affordable Care Act has made insurance mandatory, but there is no plan to make it affordable, as the burden is high on businesses and individuals.
Republicans want to
create a Federal program for universal private insurance, funded by a payroll
tax and each state could decide whether to take part. The program would fund
the purchase of private insurance but with no premiums or deductibles. Insurers
who participated would insure everyone and the policies would be uniform and
would include co-pays to avoid over-consumption.
![Health Insurance For Pre-Existing Conditions]( "Health Insurance For Pre-Existing Conditions")
Many people worry about getting health insurance plans for pre-existing conditions and they believe that if they are suffering from a medical condition, they will simply be denied insurance coverage.
All citizens of participating states would be part of a giant pool and insurers also a part of the pool would compete on quality of service provided.
Medicare and Medicate would become obsolete as all citizens would have full coverage. States opting not to participate in the Federal Universal coverage program would replace Medicare and Medicaid on their own.
The main challenges' this proposal will face is the transparency which could lead to political hardships. The rules would also have to prevent state-shopping.
Wealthier taxpayers, though hit by a new tax would find opportunities to retire or launch new ventures as they would be free of high individual health insurance. There were ways to improve and develop a healthier approach. Liberals would benefit with universal tax-financed care, there would be no fear of bankruptcy due to illness in the family and importantly, the poor would have the same healthcare as everyone else.
References :
Hannah Punitha (IRDA Licence Number: 2710062)
Goplifer, March 2013
Source: Medindia
Health Insurance For Pre-Existing Conditions
Many people worry about getting health insurance plans for pre-existing conditions and they believe that if they are suffering from a medical condition, they will simply be denied insurance coverage.
Advertisement
All citizens of participating states would be part of a giant pool and insurers also a part of the pool would compete on quality of service provided.
Medicare and Medicate would become obsolete as all citizens would have full coverage. States opting not to participate in the Federal Universal coverage program would replace Medicare and Medicaid on their own.
The main challenges' this proposal will face is the transparency which could lead to political hardships. The rules would also have to prevent state-shopping.
Wealthier taxpayers, though hit by a new tax would find opportunities to retire or launch new ventures as they would be free of high individual health insurance. There were ways to improve and develop a healthier approach. Liberals would benefit with universal tax-financed care, there would be no fear of bankruptcy due to illness in the family and importantly, the poor would have the same healthcare as everyone else.
References :
Hannah Punitha (IRDA Licence Number: 2710062)
Goplifer, March 2013
Source: Medindia
Quiz on Health Insurance
This Quiz is to test your knowledge on health insurance in the U.S, there is so much activity with the new law and building of Health Exchanges - all peaking for a January 2014 deadline.
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